This is to give notice of the decision to dissolve and liquidate a subsidiary company, as follows:
- Summary of the company
Company Name : E-CUBE PTE. LTD.
Location : Singapore
Address : 300 Beach Road The Concourse #39-00 Singapore
Representative : Kenji Nagafusa, Managing Director
Main business : Energy conservation analysis, design, construction and
management of facilities
Founded : January 2003
Capital : 6 million Singapore dollars
Shareholders (investment ratio) : Nagase & Co., Ltd. 100%
- Reason for dissolution and liquidation
Since the expansion of business in Singapore and the Asian region is not anticipated, the decision has been made to dissolve the company.
Completion of liquidation : Before the end of March 2007 (planned)
The effect of liquidation of this subsidiary company will be minimal on the consolidated or unconsolidated results of Nagase & Co., Ltd.